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New Federal Report Warns of Financial Havoc From Climate Change

WASHINGTON — A report commissioned by federal regulators overseeing the nation’s commodities markets has concluded that climate change threatens U.S. financial markets, as the costs of wildfires, storms, droughts and floods spread through insurance and mortgage markets, pension funds and other financial institutions.

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Clean Water Crisis Threatens US

           

Aerial view overlooking landscaping on April 4, 2015 in San Diego, California.  Photo: Sandy Huffaker/Getty Images

by Sarah Ferris and Peter Sullivan - April 25, 2016

The United States is on the verge of a national crisis that could mean the end of clean, cheap water.

Hundreds of cities and towns are at risk of sudden and severe shortages, either because available water is not safe to drink or because there simply isn’t enough of it.

The situation has grown so dire the U.S. Office of the Director of National Intelligence now ranks water scarcity as a major threat to national security alongside terrorism.

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